Occidental Petroleum Corporation (NYSE:OXY) Q3 2023 Earnings Call Transcript

And that’s been part of the success of some of the majors in Gulf of Mexico in terms of adding long-term low decline production and reserves to the base. And in exploration, we’ve now built a new portfolio with a significant new partner base, as you saw in the recent announcement that came from Kosmos that looks like a successful approach going forward, and that could be easily tied back quickly to Lucius. So we see this as a way of moving capital between these 3 legs of the stool going forward and we see tremendous upside on the secondary recovery option.

Operator: And that concludes our question-and-answer session. I would like to turn the conference back over to Vicki Hollub for any closing remarks.

Vicki Hollub : Thank you all for your questions and for joining our call today. Very much appreciate it. Have a great day.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.